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FOX Business
Jan 6, 2013 9:00pm EST
they first came out they face fraud from all over the world. they turned to the fbi to try and track these people dow, but the fbi has no idea who these people rk, no idea what the technology was. john: it can't work. >> that would be the traditional theory. in reality paypall realized they should take matters into their own hands. they developed a private from detection system where they would use computers t say this ght be fraudulent and then send it to a human to investigate. john: another one. >> if they did not send you a $5 a pack. >> at what cost to 500,00. john: people will she. >> that is the theory, but private parties look to problems and solve them. ebay and other groups developed private reputation mechanisms. the more the these mechanisms work the last 20 government. john: one thing that keeps me out is that they created all this wealth and good stuff to when they weren't connected to government. today they're big in government wants a piece. 114 lobbyists, course of 73. they spend millions and trying to manipulate washington. >> good things are terrible to the private
Search Results 0 to 0 of about 1